July 10, 2015
The enactment of Canada’s Marijuana for Medical Purposes Regulation in 2014 opened up the industry to private suppliers and generated a ripple effect of economic activity. As reported in the Financial Post, lawyers are also seeing a gradual uptick in demand for legal services in this area. Cheryl Reicin, partner and head of Torys’ Life Sciences Practice, commented on this trend. Below is an excerpt of the article.
Clearly, opportunities for lawyers abound. Many of the lawyers involved with the industry have practices that embrace health sciences. But, like other businesses, pot is spreading its tentacles through a variety of legal practice groups. Quite apart from needing help with licence applications and advice on operating procedures, marijuana growers also need the assistance of tax, financing, securities and government relations lawyers.
“Medical marijuana is a hot area that will be going through quite some waves before it calms down,” says Cheryl Reicin, a life sciences lawyer in Torys LLP’s Toronto and New York offices.
To read the full article, click here.